HSBC, SAP and Swift partner on a flexible, multi-bank solution

Working with SAP and Swift, global bank HSBC has created the next generation of its corporate-to-bank integration and treasury solution for customers that use SAP as their enterprise resourcing planning tool.

The solution is based on open standards from Swift, a financial messaging platform, and aims to address the potentially high costs from maintaining multiple system interfaces for conducting electronic transactions.

Companies use many system interfaces to manage electronic transactions between their banking partners, corporate suppliers and their own ERP systems. Often based on a wide variety of protocols, proprietary standards and technologies, maintaining these point-to-point interfaces can be costly.